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Q:  Can you give an example of a deferral for a qualified estate?

A: 

Here's an example:

Gross Estate

15,000,000

Taxable Estate (Adjusted Gross Estate)

7,000,000

Attributable to a closely held business

3,920,000

Estate Tax Due

1,070,000

3,920,000 / 7,000,000 = .56 (56% of the Tax Due can be deferred under a 6166 election; $599,200 deferrable.  44% of the Tax Due must be paid by nine months after the decedent's date of death; $470,800 is non-deferrable).

More information
More information about estate tax
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